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OEM parts availability/discontinuation for niche low production models
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By garryhe
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By partsman
Advance Auto Parts announced today, as part of their Q3 earnings release, that they are initiatiating the sale of their Worldpac and Canadian businesses (operates under Carquest).
Strategic Review Update
The company has initiated separate sale processes for the potential divestiture of Worldpac and the company’s Canada business. Worldpac, a leading automotive wholesale distributor of original equipment and aftermarket parts for all makes/all models, is highly recognized for its world class technology, catalog, product brand assortment and training. The company's Canadian business, which predominantly serves commercial customers, goes to market under the Carquest banner.
The company has engaged Centerview Partners to assist in the sale processes. The company has not set a timetable for the conclusion of the sale processes and does not intend to comment on or provide updates regarding these matters unless and until the processes are concluded or it determines that further disclosure is appropriate or required.
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By NAPA
ATLANTA, Nov. 14, 2023 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today its Board of Directors declared a regular quarterly cash dividend of ninety-five cents ($0.95) per share on the company's common stock. The dividend is payable January 2, 2024 to shareholders of record on December 1, 2023.
About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 58,000 employees. Further information is available at
link hidden, please login to view link hidden, please login to view SOURCE Genuine Parts Company
For further information: Investor, Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media, Heather Ross, (678) 934-5220, Vice President - Strategic Communications
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By Counterman
The Volkswagen Group is utilizing DCC Pro electronically controlled shock absorbers from KYB Corp. to equip new Tiguan, Passat Variant, SKODA Superb and Kodiaq models.
The new models are scheduled to hit the market in the first quarter of 2024.
DCC Pro (Dynamics Chassis Control Pro) systems use double-valve shock absorbers to independently control the extension and compression oscillations caused by the car body and the wheel movements while driving.
These valves react to road conditions and driving situations in a few milliseconds, according to KYB. The ECU activates the respective extension and compression solenoids to adjust independently the internal pressure of the shock absorber to suit road conditions and the driver’s preference (from comfortable to very sporty).
The damping characteristics are automatically adjusted in a continuous way, which, in conjunction with the full independence between extension and compression movements, “brings the vehicle comfort and control to the highest level.”
“This provides safe, dynamic maneuverability and an unprecedented ‘flying-carpet’ ride experience,” KYB adds.
KYB and the VW Group have been working together for several years. Since collaborating on the Audi RS suspension, KYB and Volkswagen have cooperated extensively for the VW brand.
“KYB will continue growing in advanced technologies that provide high added value to our customers in these challenging times for the automotive sector,” the company said in a news release.
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